Financial
Management
Sit back, relax, and leave balancing the books to us. Our team of qualified financial managers offers transparent, cost-efficient guidance. Together, we create budgetary solutions that ensure compliance, precision, and control across all your vessel’s operations.
What We Provide?
- Realistic and functional budgets created with owners and Captains
- Dedicated bank account that includes credit cards for crew
- Regular accounting reports of all spending and a holistic review of your yacht’s financial health
- Secure and timely transactions to suppliers
- Secure access to our online accounting platform for collaboration and communication
- Collaborations with Crew management to ensure seamless crew payroll and tax management
- ...and much more!
FAQs
Every yacht and its owner has unique needs. Hiring a yacht management team for financial management ensures comprehensive financial oversight, optimized cost management, and compliance with complex regulatory requirements, ultimately protecting your investment and enhancing your yachting experience.
Many expenses come to mind when considering yacht ownership, such as purchase costs, maintenance and repairs, and crew salaries. However, many smaller expenses, such as docking fees, insurance premiums, registration, and more, often go unconsidered. Working with experienced financial managers ensures no expense is a surprise.
Navigating the complex tax regulations for yachts, especially when operating internationally, can be challenging. RYC guides our clients with compliance with tax laws and helps identify opportunities for tax savings through proper structuring and planning.
Disclaimer – We are not CPAs or professional tax consultants. We have a lot of experience and provide tailored guidance.
We provide monthly updates and quarterly and annual reports with a more holistic overview. However, we are happy to tailor our communication to your preferences. We aim to meet you at the level of engagement you need to feel supported.
